Luxury Montauk estate next door to Warhol's hits market at US$48m

New York

IN THE early 1990s, Eli Wilner and his wife, Barbara, were living in East Hampton, on the South Fork of Long Island. The owner of a New York-based antique frame restoration and replication company recalled: "We had a nice house, a lot of privacy. And then friends of ours wanted to go out to visit Montauk."

After "crawling around" for a few hours in the area, "we were like: 'Oh, my God, this is where we want to live".

Soon after, they discovered 36 acres (14.5 hectares) on the market, with 400 feet (122 metres) of beachfront next to Andy Warhol's compound. (Warhol bought his property, called Eothen, in…